ABS

  • Tesla charges up for third auto lease securitization

    Tesla charges up for third auto lease securitization

    Tesla is returning with its third auto lease securitization, issuing into a market supported by strong auto fundamentals and continued investor demand for paper sponsored by the electric car maker, deal watchers said.

  • BMW finishes year strong with Rmb8bn dual-tranche ABS

    BMW finishes year strong with Rmb8bn dual-tranche ABS

    BMW Auto Finance (China) has wrapped up its last foray of the year into the Chinese auto loan ABS market with a tightly priced deal. The senior tranche of the Rmb8bn ($1.14bn) trade was welcomed by a diverse group of investors, bankers said.

  • Funding Circle unveils first UK sponsored deal

    Funding Circle unveils first UK sponsored deal

    Funding Circle announced a new UK SME ABS on Monday from its SBOLT programme, the first from the shelf where it is acting as deal sponsor rather than just as servicer. Deutsche Bank, which has run all the SBOLT trades to date, is now joint lead, with Citi stepping in as arranger.

  • LendingClub wrangling more regs on road to bank charter

    LendingClub wrangling more regs on road to bank charter

    In September, LendingClub excluded individual investors in five states from investing on its platform without an explanation. While the reason was undisclosed for nearly two months, the company revealed this week that the change in eligibility is a product of the many steps it is taking to obtain a bank charter.

  • Funding Circle breaches securitization limit as it switches from servicer to sponsor

    Funding Circle breaches securitization limit as it switches from servicer to sponsor

    Funding Circle has breached the terms of its securitization SBOLT 2018–1 — a book of loans originated on the platform and was bought by Pollen Street Capital’s P2P Global fund. The breach was driven by a shift in the company’s business model from a pure tech platform to a non-bank lender using its own capital. Funding Circle has asked investors to waive the breach.

  • Volkswagen returns to China auto ABS after long break

    Volkswagen returns to China auto ABS after long break

    Volkswagen Finance (China) will come back to the Chinese auto loan ABS market after a two-year break on November 13. The Beijing-based originator is offering a Rmb5.97bn ($851m) dual-tranche note equipped with two international ratings.

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